Seriously rotten (respectfully of course)
posted on
Nov 24, 2009 06:35PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Ok this is the first time I really feel that something is seriously rotten in the state of Denmark.
With everything I know about ECU, the metal market, mining, Hedge Funds, Private Banking and human sentiment software etc... nothing makes sense here. I invest in mining as it is something I understand, it is something that makes sense and has a logic behind it. It is something I can study and know all of the facts and figures involved and make informed decisions. It is not Google or a pharmaceutical company or some other profitable stock where I really haven't a clue how it works... it's looking under the ground, finding, digging and selling. Nothing but nothing can possibly convince me that this stock is acting as it should or is in line with normal regulated and fair market movements.
For the first time, I truly agree that there is some form of serious manipulation going on.
We can argue whether it is legal or illegal, fair or unfair because at the end of the day this stock will move, however in the interim it sure frustrates the (insert very bad word of choice here) out of those of us who know where we should be by now. This is NOT the companies fault, they have been brilliant in their main moves and in their reading of the best way forward on the surest strategic path. Unlike many posters who have been appearing and making suggestions as to what the company should do; I believe the companies view is firmly on the correct path, the long term viability of the company and not the day to day stock price. It hurts at times (especially when your wife gives you 'that look' which says 'you told me that the 70's were gone for good!') but we all know that eventually we will be where we should be. Still sucks 'rat' sweat... and may all doubt-placers and bashers find coal in their stockings this Christmas.
I don't really know what individual investors can do to raise the profile of such dire manipulation nor whether it would actually make any difference. We will get the news we need, we will see the price rocket in time and I for one will not put pressure on the company to rush the process so I look good on paper day-to-day.
I must say that I will remain respectful in this forum and to the board members reading this post- but I do hope the manipulators do find themselves buried under a steaming pile of vile smelly 'moose....' come our next news release. Peace out... venting complete.